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Top related persons:
haven't - 1 Greg Yap - 1 Doba Parushev - 1 CareFirst - 1 Parushev - 1 Jenny Chang - 1 Rodriguez - 1 Alyssa Jaffee - 1
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Healthcare - 1 Business - 1 Menlo Ventures - 1 Healthworx Ventures - 1 Getty - 1 Ruth Health - 1 Carta - 1 Optum Ventures - 1

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☆ Many digital health startups are quietly raising down rounds and closing up shop. Here's why.
  + stars: | 2024-11-26 | by ( Rebecca Torrence | ) www.businessinsider.com   time to read: +9 min
Now, VCs say many digital health startups are cutting their valuations to live another day. As of mid-November, PitchBook data shows 327 digital health startups that grabbed funding in 2021 but haven't raised since. Not even the AI boom, which has brought back-to-back fundraises for hot healthcare startups like Abridge, can make up for the discrepancy. "There are more digital health companies that are selling assets, selling people, or whatever they can," said Greg Yap, a partner at Menlo Ventures. AdvertisementVCs told BI they're pushing the next generation of healthcare startups for better discipline in balancing growth with profits.
Persons: haven't, Greg Yap, Doba Parushev, CareFirst, Parushev, Jenny Chang, Rodriguez, Alyssa Jaffee, she's, that's, Ruth, Alison Greenberg, Healthworx's Parushev, Forward's, Rob Price, Axios, LetsGetChecked, Galym, Yap, cofounders Umar Afridi, Sid Viswanathan, VCs Organizations: Healthcare, Business, Menlo Ventures, Healthworx Ventures, Getty, Ruth Health, Carta, Optum Ventures, Lightspeed Ventures Partners, Omada, Walgreens, Walmart Locations: Forward's San Francisco
☆ Why some Silicon Valley CEOs don't blame SVB for its crash: 'I still fundamentally believe' nothing was 'wrong with the bank'
  + stars: | 2023-03-23 | by ( Megan Sauer | ) www.cnbc.com   time to read: +6 min
SVB was a great partner to all the innovation that's happened in Silicon Valley," Varun Badhwar, CEO and co-founder of Palo Alto, California-based security software startup Endor Labs, tells CNBC Make It. "I still fundamentally believe there was nothing foundationally wrong with the bank." Before the crash, SVB counted nearly half of the country's venture-backed startups as clients, according to its website. CNBC Make It spoke with a group of startup bosses across a variety of industries, all of whom lost access to some, or all, of their company's money during the crash. But as investors' and other founders' attitudes changed throughout the afternoon, he decided to get the company's money out.
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